Over the past five weeks, carriers have continued to blank sailings in response to lower demand on the three largest trade lanes out of the Far East bound for North Europe, North American East Coast and North American West Coast. Out of the three trade…
Blanked sailings and change in spot rates – working as intended for? Read More »
Ship owners appear to be turning to the secondhand market with increasing appetite, as higher costs and longer delivery times are deterring factors from placing a newbuilding order. In its latest weekly report, shipbroker Allied Shipbroking said that “…
It’s All About Second Hand Ships These Days Read More »
Consolidation has long been predicted in the mutual P&I sector, but the proposed merger of marine insurance majors North P&I and the Standard Club has still taken many by surprise. Both mutuals have laid out a timetable to combine forces, with …
NorthStandard proposal gathers support Read More »
Charterer’s obligation to provide bunkers in compliance with charterparty specification Time charterers supplying vessels with bunker fuel oil need to ensure that they meet the contractual specifications set out in the charterparty. This may include a …
Bunker quality – do bunker suppliers have charterers over a barrel? Read More »
The ship recycling market has slowed down considerably over the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the various global holidays that transpired this week have set the tone for a slower week in relation t…
Demolition Activity Crawls to Near Halt Read More »